Revolutionary credit scoring for the Emerging Market

CredoLab partners with banks, consumer finance and other retail lenders to improve the financial inclusion and financial access of underbanked consumers and elevate their standard of living. The wind of change is here.

City Girl Phone

City Girl Phone

CredoLab

CredoApp transforms an everyday item into a powerful predictive tool

CredoLab analyses 1000’s of characteristics from a user’s smartphone, working in harmony with existing technology to connect the dots that traditional methods can’t.

With a variety of benefits

CredoApp collates these characteristics and can be integrated in various configurations with the added benefit of being: 

Safer

Efficient machine learning combined with a client’s digital footprint guarantees lower cost of risk along with higher approval ratio

Faster

Improved Time-to-Yes: Less than 1 minute

Up to date

Real time and current data reduces the need to rely on historic credit bureau data

benefits revised

benefits revised

Cost Effective

Maximises amortization of origination investment through risk-based pricing

Efficient

Negligible per unit labour cost of production

Automated

Automated and consistent process enforces zero error rate, eliminating the possibility of human error

Simple as one, two, three.

With a time to yes of less than 60 seconds it couldn’t be easier!

installation process revised

installation process revised

Download from the Play Store

Lightweight and robust, CredoApp can be downloaded in an instant.

Enter contact number

After installation the applicant enters their contact number. That's it!

Voila!

After analysing the digital footprint from the smartphone CredoApp submits data through our secure API, combining the power of big and traditional data to provide a more accurate credit score. 

News and updates at CredoLab

Alternative Credit Scoring: Banking for the Unbanked

Traditionally credit is extended to people based on a credit score.  Banks, credit card companies and other financial institutions will assess creditworthiness based on repayment histories and other financial benchmarks held by credit...

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Traditional credit scoring is not enough for emerging markets

Credit lending has historically favoured those in developed markets, in more affluent regions of the world, leaving consumers in less well-off emerging markets without any way of obtaining a credit loan. This is a vicious cycle because...

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CredoLab: revolutionising credit scoring methods through mobile user behaviour

Mobile phones have become ubiquitous across the globe. Not only that, but smartphones are in the hands of a large majority of users and leave an enormous digital footprint, with tens of thousands of data points that can be used to...

Read more…

Get in touch

Find out how we can make a difference today.

For any queries you may have, E-mail us at:
info@credolab.com

Capital Tower,
168 Robinson Road,
Singapore 068912

+65 6876 7901

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